Huh! Interesting, did you make these? Some of this has already sort of happened, with the Lumberyard developments near the train tracks and now a second phase coming up fronting Haddon Ave (just started a few months ago).

[thegreengrass?]

Yeah. Started these before The Collings was proposed, and after the PATCO TOD proposals were getting buzz. This was mostly an attempt to combine that with Lumberyard expansion and make Atlantic Ave work better.

Nice! It's awesome to see the massing of thees buildings in Google Earth.

Quote:

Originally Posted by Mappy

[thegreengrass?]

Yeah. Started these before The Collings was proposed, and after the PATCO TOD proposals were getting buzz. This was mostly an attempt to combine that with Lumberyard expansion and make Atlantic Ave work better.

Haha yep, hey! Nice, gotcha. There seem to be fewer and fewer empty lots (or at least, non-parking lots) to develop, in Colls anyway. After the Lumberyard projects, the only one I can think of is across from the library. It'll be interesting to see where they go after this if the new phase of those condos/apts is successful too.

It's not that there will be no parking, it will just be underground. I think the quote was referring to other buildings where people are willing to pay a lot for very little amenities in other buildings (so by providing these amenities, they can get even more).

"Planned are two new store buildings facing Market Street, lit by Times Square-style signs, that will be topped by 325 apartments (at perhaps $2,200 a month for a one-bedroom unit), with parking underground.
Read more at http://www.philly.com/philly/business/20140319_Retail-residential_development_planned_on_Market_St_.html#rIicEtLGjZb7YuRb.99"

It's not that there will be no parking, it will just be underground. I think the quote was referring to other buildings where people are willing to pay a lot for very little amenities in other buildings (so by providing these amenities, they can get even more).

"Planned are two new store buildings facing Market Street, lit by Times Square-style signs, that will be topped by 325 apartments (at perhaps $2,200 a month for a one-bedroom unit), with parking underground.
Read more at http://www.philly.com/philly/business/20140319_Retail-residential_development_planned_on_Market_St_.html#rIicEtLGjZb7YuRb.99"

This is overall excellent news, but I do question whether people will really pay $2,200 a month for a one bedroom at Market East. 2116 Chestnut is only 55-60 percent occupied at $1,900 (if you go on their website about 120 units are still available)...

If they are going to charge $2,200 a month for a one bedroom the rest of the street needs to be cleaned up. I know it's a city and you have to deal with what a city brings but I know I wouldn't want to pay $2,200 a month for a one bedroom and have all the homeless people pissing out my front door.

Man, that was the ultimate tease the day it came out then nothing else was said about it. No idea what actually is going on with it, if it's realistic, someone's pipe dream, etc. Fascinating idea though.

Calling it a Pipe dream gives the WTC Camden too much credit. This project was dead literally the second it was announced.

Northern Liberties, a prime spotting ground for the futuristic boxy style of new construction sweeping the city has eight new townhomes on the market. The renderings show the (presumably) metal facade glinting in the sun and sheltering its occupants from a raging nighttime thunderstorm. Broker copy says that the eight new townhomes in the group are "Northern liberties [sic] newest and best community!!"

Please "over build" - prices will adjust (down) and more people can live downtown. Done. Go. Everyone wins.

There won't be an overbuild. For instance:

Quote:

CCD projected that 5,231 new households will be created between 2013 and 2017 and a total of 5,225 new apartment units will be completed.

Units are being built because there is demand. I predict another thousand or two units can be built on top of what's coming down the pipeline, and vacancy rates will still be around 5%, which is still a very healthy market. If this city can just figure out the business tax structure, and generate job growth, Philadelphia will experience a bigger boom than what is already occurring.